The diamond drill., 1887-03-26

An engine and two five-foot Lane fric-
tion band hoisting drums were received
At the Youngstown mine ON Wednesday
and viii be put in position at once. This
machinery was furnished by the NJ G.
Bullock Manufacturing Co., OF Chicago.
new plant OF machinery has been or
dered for the Kimball mine President
King states that the product OF the Kim
ball is being negotiated for and that they
hope to achieve an output OF 10000
tons during the present season. Dalliba
x Co., are To be the Cleveland agents OF
kthis mine.
ID. &. Lockwood, Albert Austrian, A.
Lustfield, Vim. Doucet, John Curran and
Thos. O'Connor, all prominent Crystal
Falls gentlemen have taken an option on
section thirty-two, 1892, with the ex-
pectation Of discovering thecontinua.ion
Of the Kirhbasl. vein OF ore. A shaft is
now down some twenty-five feet and
prospects Frightening.
Julian NJ. Case, well known and prom
inent in all OF the iron districts Of Lake
Superior, IL rapidly recovering from the
effects OF a severe illness. Mr.. Case is
largely interested on all Of the Ranges,
and not a few OF the very best properties
ON the Gogebic have passed through his
hands. Mr.. Case il "hustlcr," and left
his sick bed when only half well owing To
his anxiety TO get back TO active work,
which means everything to him.
Cincinnati parties are negotiating for
the purchase OF the Sheldon 4 Shafer
mine, and are reported 20 have an option
until April, /, with 100000 as the
amount involved, which includes both fec
. and lease. This property was known as
the "Union" until couple OF years ago,
and Union" ore made good reputation
with furnace men. The ore is a non-Bes-
semer, but runs well in iror and i'm some
parts OF the mine very low in phosphorus.
Severed new finds OF ore made within the
past year or so, make this mine rank as
one Of the best and largest in the district
The Youngstown mine is the largest ore
body in Crystal Falls district, Menominec
Range, and is operated 10y the Youngs-
town Iron Mining Co. under "a leas,
from ID. Nelson of Port Washington
Ohio, owner OF the Fee for which parties
are now negotiating and ON which m
option is held at n most reasonable sum
The Youngstown management will send
forward 10000 tons OF ore the present
-eason. The royalty is % cents n ton
and the minimum quantity to be paid foI
each year is 10000 tons. There ar,
hands.--Miner and Manufactures.
The iron ore market on the whole II
quiet The product is too well sold NJ
for any probability Of "A drop in price'
this season, the sellers have their prob
able output so well covered with orders
that they rest content as TO the futur
and are not inclined to make concession
or push sales. The prospects for bust
ness are fair and some considerable sales
are still pending. Lake freights rcmair
firm with no change Co note in the sit
uation Vessels are freely offered at pre-
viously quoted rates. The ambiguous
Interstate commerce bill liz responsible
TO large degree for the present lull il
trade, dealers being naturally unwilling
60 make prices with the matter Of freigh
rates in it's present unsettled conditions
although, it is felt possible that the rate
even for long hauls, will not bclargcly In
creased after the provisions OF the bill
take effect. The shipments TO furnace
have been light this week, owing in SOM
degree to the strike on the ~ Y, Il. 4 O
railroad. We quote:
No specular and magnetic Besse-
fner ores per rton.............-....,......S "
No Specular tnon Bcsscmerl ores
per toil zxS ~
be~femcf ftinhttths.. - lOHO ~
on-Bessemer Hemattes, ..........,... bOmb n
Cleveland Iron Trade Review.